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Xcel Energy <br />U.S. Bancorp Center <br />800 Nicollet Mall <br />Minneapolis, MN 55402-2023 <br />June 9, 2006 <br />Xcel Energy announces participation <br />in CapX 2020 transmission projects <br />MINNEAPOLIS -Xcel Energy (NYSE:XEL) and several other regional <br />utilities today launched the first of three groups of transmission projects that aim to <br />ensure their customers in Minnesota and neighboring states will have access to <br />reliable, low-cost electricity in the future. <br />An alliance of electric cooperatives, municipals and investor-owned utilities <br />including Xcel Energy -- the CapX 2020 utilities -- have identified three groups of <br />transmission projects that they propose to complete by 2020. A preliminary filing <br />for the first line in project Group 1 was made today with the Minnesota Public <br />Utilities Commission. The filing lays out plans for notifying local governments, <br />landowners and residents about the utilities' plans. <br />"Legislators and regulators in several of the states we serve in the Upper <br />Midwest recognized the need for additional transmission investment and took <br />action to support its development," said Richard Kelly, chairman, president and <br />CEO of Xcel Energy. <br />"Group 1 project investments will total about $1.3 billion, with major <br />construction starting in 2009 or 2010 and ending three or four years later. Our <br />share of that investment will be about $700 million, with the balance funded by <br />other CapX 2020 participants." <br />Kelly said the timing of CapX 2020 investments works well for Xcel Energy <br />because the company's investments to complete its Metro Emissions Reduction <br />Project in Minnesota and the Comanche 3 power plant in Colorado will be <br />winding down as spending on CapX 2020 projects picks up. <br />